Lagos Business School (LBS) is the graduate business school of Pan-Atlantic University located in Lekki, Lagos State, Nigeria.
It was founded by three professors, Juan Manuel Elegido, Timothy Keenly and Patrick Merino, and was established in 1991.
Lagos Business School has grown to become one of the leading business schools in Africa, as it’s recognised for its world-class executive education and strong ethical foundation.
LBS is the first business school in West Africa to be accredited by the Association to Advance Collegiate Schools of Business (AACSB) and is a member of the Global Network for Advanced Management (GNAM) – an alliance of 32 globally leading business schools.
LBS offers a wide range of academic and executive programmes designed to develop responsible leaders who can succeed in challenging business environments.
Lagos Business School is in partnership with international business schools like IESE Business School – Spain, IESEG School of Management – France, Smith School of Business – Canada, etc.
Lagos Business School is also in affiliation with Graduate Management Admission Council (GMAC), joining other leading business schools in the world to be an affiliate of GMAC, a non-profit organisation of leading graduate business schools in the world and owner and administrator of the GMAT exam.
Courses offered in Lagos Business School and Fees
Below is a list of courses/academic programmes offered by Lagos Business School and their respective tuition fees.
Full-Time MBA Programs
The Full-Time MBA at Lagos Business School is a comprehensive 21-month program designed to develop analytical, strategic, and leadership skills in young professionals.
This programme combines different methods of teaching to give students both theoretical knowledge and practical experience.
It focuses on core courses in finance, strategy, marketing, and operations.
Admission Requirements
- A minimum of 3 years of postgraduate work experience
- A bachelor’s degree from a recognised university
- Completion of the LBS entrance exam or GMAT/GRE
- Successful completion of an interview process
- Strong references and a statement of purpose
Tuition Fees
As of recent data gathered, the total cost for this programme is ₦8,400,000 total. Payable in 6 instalments, beginning with an initial deposit of ₦2.5 million.
Executive MBA
The Executive MBA programme is specially designed for senior managers and business owners with significant experience who want to deepen their knowledge and skills without leaving their jobs.
Admission Requirements
- Minimum of 7 years of professional experience, with at least 3 years in a senior role
- A bachelor’s degree or HND (with PGD)
- Proficiency in English
- Passing the LBS EMBA entrance exam
School Fees
Tuition: ₦16,611,618 total (two sessions per year)
Paid in 6–8 installments, starting with ₦3.5 million or ₦2 million (depending on the source).
This fee may cover international travel costs depending on the selected module.
Modular Executive MBA
This programme is designed for people who have very tight schedules, like top-level executives and entrepreneurs who do not have time to attend regular classes.
Participants attend intensive one-week sessions every two months.
Instead of weekly classes, students come together every two months for a full week of intensive learning. This programme runs for 24 months.
School Fees
₦8,400,000 total (over 24 months)
Paid in 6 instalments, with a ₦2.5 million deposit.
There might be additional costs for travel and accommodation.
Doctor of Business Administration (DBA)
The Doctor of Business Administration Programme is a PhD-level programme for experienced professionals such as executives, consultants, or business owners—who want to do serious research that adds value to the academic world and helps solve real-world business challenges.
It focuses on applying theory to practice in real-life business contexts.
The main goal of the programme is to help students take business theories (what they learn from books and research) and use them to improve actual business situations.
Admission Requirements
- MBA or equivalent master’s degree
- Minimum of 10 years of professional/managerial experience
- Research proposal and academic writing samples
- Strong analytical and writing skills
Tuition Fees
Annual tuition: ₦16,611,618 per year
Total over three years: ₦43,190,207
Includes application fee (~₦50,000), tuition, materials, and access to school facilities.
Executive Education Programmes
Lagos Business School (LBS) also offers 3–5 day intensive programmes in areas such as finance, negotiation, digital marketing, and entrepreneurship.
Leadership Programmes
This programme is specifically designed for professionals who are already in management positions—such as team leads, department heads, or executives—who want to become more effective leaders.
Other programmes include
- Healthcare Management Programme (HMP)
- Agri-Business Management Programme (AgMP)
- Advanced Management Programme (AMP)
- Chief Executive Program (CEP)
FAQs
How much are Lagos Business School fees?
Lagos Business School tuition fees range between ₦8,400,000 to about ₦17,000,000 depending on the particular programme.
Who owns Lagos Business School?
Lagos Business School is owned by the Pan-Atlantic University Foundation.
Conclusion
Lagos Business School is ranked the best business school in Nigeria and also ranked amongst the best business schools in Africa, so if you’re looking for a business school to push your career forward, whether as an entrepreneur or a young graduate, I think Lagos Business School is the right option.
